Lately, Snapdeal and Tata are seeming like best buddies. First Tata Value Homes partnered with Snapdeal to launch the real estate vertical of the e-commerce player, then Ratan Tata himself made an investment in the company, and now Tata Group promoted electronics retail chain Croma and Snapdeal.com yesterday entered into a strategic partnership.
Through this partnership, the two companies will together sell products across various electronics categories like Mobiles, Tablets, and Laptops etc. online. Currently, the products available at the Croma stores will now also be made available for purchase through Croma’s Flagship Brand Store on Snapdeal.com.
As per the agreement, Croma and Snapdeal.com would jointly work towards market development initiatives, establishment of joint collaboration on customer and vendor outreach programmes and category development. Both brands would also be looking at exclusive launches of products and brands belonging to the select categories.
Speaking about this, Mr. Kunal Bahl, co-Founder & CEO, Snapdeal.com said, “This is a big moment for us, where Croma and Snapdeal.com will now leverage their offline and online presence respectively and work jointly to offer a more holistic shopping experience to consumers across the country. We are extremely excited to launch Croma’s Flagship Store on Snapdeal.com.
Infiniti Retail MD & CEO Ajit Joshi said: “Today’s dynamic retail industry demands an infrastructure that is equally robust on the online and brick-and-mortar fronts.
“Omni-channel retail is undoubtedly the way forward in the Indian retail industry, and therefore the association is designed to enable Croma and Snapdeal to leverage from each other’s strengths, to provide a winning proposition for customers and business alike.”
Launched in October 2006, Croma sold over 6000 products in the stores from 5 lead categories namely Home appliances, Entertainment, IT products, Digital imaging and Communication in 96 outlets across 16 major cities of India.
Started in February 2010, Snapdeal has seen 600% growth year-on-year for the last two years. Currently, the company is run by a team of 1500+ members. Also, Snapdeal and Tata Value Homes announced a partnership for starting the real estate vertical of the former together.